• New York
  • Pennsylvania
  • New Jersey
  • Wisconsin
  • United States Court of Appeals for the Third Circuit
  • United States Court of Appeals for the Second Circuit
  • U.S. District Court - Colorado
  • U.S. District Court - Eastern District of Pennsylvania
  • U.S. District Court - Middle District of Pennsylvania
  • U.S. District Court - New Jersey
  • U.S. District Court - Southern District of New York


  • American Bankruptcy Institute
  • International Bar Association
  • International Insolvency Institute
  • KIPP Administrative Service Corporation


  • University of Wisconsin Law School, JD
  • University of Pennsylvania, BA, cum laude, with distinction
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Michael B. Schaedle


Philadelphia, PA v. +1.215.569.5762 f. +1.215.832.5762

Michael Schaedle concentrates his practice on bankruptcy, reorganizations and workouts, debt and equity restructuring, and commercial and public debt transactions, including secured creditors, creditors’ committees, debtors, plan-of-reorganization proponents, and asset purchasers.

   Clients appreciate 'his ability to use his understanding of the bankruptcy code to formulate an excellent plan.' 
—Chambers USA

Mr. Schaedle is ranked by Chambers USA as a leading bankruptcy lawyer. Chambers sources praised his “very effective approach to matters and also noted that he “has an excellent reputation for Chapter 11 cases. Clients say he is “tenacious, thorough and highly strategic and “a main factor in our choosing this firm.” Clients further appreciate “his ability to use his understanding of the bankruptcy code to formulate an excellent plan” and call him “an intellectual heavyweight.”

Mr. Schaedle is a member of the International Insolvency Institute, and has been certified as a Business Bankruptcy Specialist by the American Board of Certification.


  • Cashman Equipment Corporation as counsel to largest senior secured lender and post-petition collateral agent for large lender group in respect of at least $142 million of senior secured claims in international barge company Chapter 11.
  • Performance Sports Group as counsel to creditors’ committee of international manufacturer and supplier of sporting goods under well-known brands, including Bauer and Easton.
  • Energy Coal as counsel to foreign representative of Italian coal product wholesaler in the first Chapter 15 case in the United States relating to the recently amended, reorganization-optimizing concordato preventivo process under the Italian Insolvency Law.
  • Marco Polo Seatrade as counsel to unsecured creditors’ committee in shipping line Chapter 11 case.
  • Daebo International Shipping as counsel to foreign representative of Korean bulk product shipping line in its Chapter 15 case.
  • Philadelphia Rittenhouse as counsel to senior secured lender in successfully obtaining dismissal of luxury condominium Chapter 11 and obtaining receiver.
  • Texas Competitive Electric Holdings as co-counsel to agent for first lien lenders.
  • North Texas Bancshares as co-counsel to unsecured creditors’ committee in bank holding company Chapter 11.
  • Centaur, LLC as counsel to unsecured creditors’ committee in the Chapter 11 of a gaming business in reorganization.
  • Nova Biosource Fuels as counsel to biodiesel refining business in its Chapter 11.
  • Mortgage Lenders Network as counsel to unsecured creditors’ committee in the Chapter 11 of a subprime mortgage loan origination and servicing business.
  • USGen New England, Inc. as counsel to debtor in successful billion-dollar reorganization of large electric wholesale generator in New England, providing 100% plus interest recovery to creditors and significant return to equity.
  • TWA as counsel to unsecured creditors’ committee in multi-billion dollar international airline Chapter 11.
  • Cajun Electric Power Cooperative as counsel to senior secured creditor in billion dollar utility reorganization.
  • Allegheny Health Education and Research Foundation as counsel to institutional pre-petition lender in Chapter 11 cases of hospital system.


Mr. Schaedle is a member of the 2017 faculty for the American Bankruptcy Institute’s (“ABI”) Complex Financial Restructuring Program. He serves on the advisory board for ABI’s 2017 “Views from the Bench” program at Georgetown University, and routinely publishes on bankruptcy topics, including previously serving as an editor to an ABI publication.

Additionally, Mr. Schaedle serves as the chair of the Board of Directors of KIPP Administrative Services Corporation. Mr. Schaedle is a past president of the Board of Trustees of the Friends of the Free Library of Philadelphia and the past vice chair of the Board of Trustees for KIPP Philadelphia Schools.


  • Bankruptcy/Restructuring Law, listed in Chambers USA
  • AV Preeminent®, listed in Martindale-Hubbell®
  • 2011–2018, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, listed in Best Lawyers in America©

A description of the standard or methodology on which the accolades are based can be found here.

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